The Top 5 Reasons to Invest in The Car Savior

There are about 300 million cars on the road in America. A survey by IHS Market found the average age of a car to be 11.2 years. On average the American household spends anywhere between $300 to $1000 a year on car repairs. 

If you do the math, that’s a huge market.

A look beyond the statistics illustrates a market prime for innovation. Most people feel they are being ripped off when purchasing auto service. It either takes too long, costs too much, or both. Plus, it’s not convenient to be without your vehicle. The bottom line is, customers are not satisfied with the current automotive service experience.

On the other side, mechanics know people are suspicious of what they have to charge. Shops spend a great deal of time diagnosing problems, ordering parts, and scheduling services. But being a mechanic isn’t easy: 

  • Mechanics need to buy tools to get a job, often costing them $30k or more. Contrary to popular belief, these tools are not owned by the shop.
  • The work is increasingly difficult, requiring bright, widely educated people to understand all of the technology and subsystems in a given car. 
  • They are constantly doing work that makes them uncomfortable – pressured to work on problems they don’t completely understand for fear of losing their job or losing customers.
  • In the age of Yelp and Facebook, every repair shop owner is afraid of getting a bad review. If one of their mechanics makes mistakes that result in bad reviews, it will likely cost the mechanic their job.
  • Advertising is hard for a small business to master – especially when you’re competing online with well-funded companies.
  • Workload is inconsistent and logistics are always a hassle. Everyone is in a hurry to get their car back, but it’s hard to know how long any given repair will take without knowing what’s wrong and how long the parts will take to arrive. As soon as a car is diagnosed, mechanics are in a mad rush to get the parts onsite as soon as possible. With a poor understanding of workload, mechanics often overestimate repair times – risking lost business –  or turn away work outright. The result is that mechanics rarely work at more than 70% of capacity on any given month.

At Car Savior, we felt it was time car repair needed a change–one that would create a better customer experience, while improving mechanics lives at the same time. 

The Automotive Service Industry is Ripe for Car Savior’s Technological Solution

As Christiaan Best, CEO of The Car Savior points out, “Less than 10 or 15% of cars on the road today are under warranty. As miles pile up the need for repairs increases. It’s a very large market, and it’s growing. Also, very few people are approaching the current service model with a technological solution. So from an investor’s perspective, this is a great market and opportunity.””

With this in mind and on a shoestring budget, Christiaan and his math genius business partner Hayden Luckadoo Luckadoobuilt a self-diagnostic algorithm. Here’s how it works:

  1. Our proprietary algorithm allows you to diagnose your car problems online by answering a few in-depth and detailed questions. 
  2. Once you have a diagnosis, mechanics can bid on your repair in the marketplace.
  3. From there you can pick the mechanic that suits your location and budget. 
  4. Car Savior will send any necessary parts to the mechanic.
  5. Take your car to the mechanic for an on-site diagnosis confirmation.
  6. Get your car repaired! 

The result is a car repair that costs much less, is complete faster, and is much more transparent than the current model. 

The Car Savior wants to grow with the demand for auto repair services. We’re currently raising capital to do just that. Here are three reasons our investment is worth considering.

1. Car Savior is a Team of Visionaries

Christiaan Best has been involved in several startups in the technology industry. Most notably he founded and led a company that cut in half the amount of power supercomputers use. “Servers in data centers use 10 times what a laptop does. I figured out a way to cut that in half, and slash the cost to build them. I literally sketched it on a napkin at a restaurant and built that idea into a $10 million a year company.” 

Christiaan recalls it was a challenging venture, but well worth the endeavour, “When I built my last company, venture capital loved the idea. I had a great team. Potential investors also said this market segment was impossible. They thought we would never be able to succeed. We succeeded but it was not an easy path. When you put together a company that is hard to build you end up learning more. You get better at development. That prior experience is what I feel will help Car Savior scale. The bonus with the Car Savior is Hayden, he’s a great co-founder and his development skills are unparalleled.”

Hayden went to the top-ranked University of Texas engineering school, where he carried an almost unheard of 4.0 GPA. He has also won over 100 math competitions. As Christiaan puts it, “He has plenty of intellectual horsepowers and also has a great deal of common sense. So I’m happy to have him on the team.” 

Together with the other members of The Car Savior’s development team, this company is set to reinvent the auto service industry.

2. The Market is Ripe For Car Savior

The status quo, you drop off your car on Monday. Tuesday they call and tell you what’s wrong. Then they order the parts. You get your car back Wednesday? Or maybe Thursday, or Friday? With a growing number of older cars on the road, the need for a convenient and streamlined repair service model is overdue.

Other websites have tried to make this process easier by helping consumers book repairs. That helps some, but as Christiaan points out, “The Car Savior is the first to do it with any sort of precision. Get online Monday, answer a few questions, book an appointment for Tuesday morning. The mechanic has the parts. You know exactly what it’s going to cost. You know what other shops in the area would charge. You drop your car off at 10:00 AM, it’s fixed by noon. The repair is handled more efficiently, sometimes at half the cost, and the whole process is more convenient.”

Christiaan goes on to say, ”We have a very large marketplace with disgruntled providers and disgruntled consumers. At the same time, very few people are trying to solve the problem with technology. Everyone’s upset with the status quo. We can come in and quickly replace it. This looks good, there’s a lot of money to be made, and there are no 1,000-lb gorillas to push us out.”

3. Car Savior is a Capital Factory Accelerator Graduate

Most people have heard of incubators, communities built to help small groups turn ideas into products and release them to market.  Accelerators bridge the gap between small, successful teams with a big idea and successful large companies with widespread success. They help companies with working products and paying customers, grow faster. A relatively new concept, nearly every company that’s made it big in the last 10 years went through an accelerator.  

The Capital Factory is an accelerator, investment fund, and startup co-working space centered in Austin, Texas. It is run by successful, serial entrepreneurs with nine-figure exits. Well known for innovation, The Capital Factory is regularly visited by VIP visitors such the CEO of Apple, the CEO of Microsoft, and more – all checking in on innovation at the Capital Factory.

The Capital Factory Accelerator program trades 1% of equity in The Car Savior in exchange for coaching from top mentors, free services (like legal or HR help), and free office space. The arrangement is clear: the accelerator is only paid if The Car Savior succeeds. More than 1,500 startups are part of the community. Only the best are asked to join the accelerator program. More than 100 startups apply for every slot in the accelerator.

Capital Factory Accelerator provides top talent in a wide variety of different areas including legal, marketing, PR, fundraising, operations, programming, HR, and everything in between. During our short time, we’ve had the pleasure to work with the founder of Carmax, the CTO of Twitter, founder of eFax, and others. All with a single goal: make us succeed.  

The Capital Factory Accelerator is forever. The resources are always there to help guide The Car Savior through whatever challenges we face until the company is sold (and they get paid). 

4. Mechanics Love The Car Savior

Everyone thinks most mechanics are dishonest.  

The truth is they often don’t know the precise issue. Modern cars simply have too many different kinds of technology. It’s nearly impossible to master them all. To compensate, once an issue is narrowed down to a few potential causes, the mechanic convinces the driver to replace all the parts that could be the issue to ensure the car doesn’t come back with the same symptom. Unknowingly, the driver pays as much as 3x what they could have paid had the car been properly diagnosed by a mechanic that understood the problem well. 

As an added bitter pill for the mechanic, shop owners take 75% of gross profit from a repair. 

The Car Savior makes a mechanic’s life better:

Mechanics can pick and choose (with high precision) the kind of repairs they know how to do well and can do quickly. Drivers can be connected directly with owner-operator mechanic businesses without a shop owner taking a cut. Often the mechanic can make 2x times more income while still giving the driver a great deal. Mechanics can schedule their time precisely since they know exactly what’s coming in every day and the jobs are planned in advance. Parts can also be ordered in advance. With a greater understanding of workload, mechanics can take more work during peak times.

We’ve never had a mechanic turn down the opportunity to integrate into the Car Savior platform. Mechanics love it! Like AirBnB and other services that connect users directly with providers, The Car Savior will transform the way drivers book car repair.

5. Your Investment Helps Reshape Service-Based Business

Christiaan has looked at other segments of the service industry and he does not like what he sees. He says, ”I feel like the service process is broken. It is miserable. You can find someone to fix your roof or air conditioner with a web service such as Angie’s list. Type in your need, they give you a list of providers in your area. They do not give you an exact estimate or check the availability of parts. I don’t want to call it 15 people and get estimates. I want to know exactly how much the repair will cost and when it can be done. And I want to book it with a click.”

The technology that helps customers streamline auto repair at The Car Savior could aid other service-based businesses. To that end, Hayden has already written the algorithms for other commonly needed services, like AC and roof repair. 

Those markets are as big, if not bigger, than auto repair, and we look forward to potentially tapping into them in the near future. 

Join us as an investor on MicroVentures today, for a more streamlined car repair experience tomorrow! 

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